natural gas

Traders looked past the arrival of below-average temperatures this week and focused on strong production and expectations for mild mid-February weather, sending Natural gas futures lower on Monday. The March Nymex gas futures contract, in its first regular session as the prompt month, fell 17.2 cents day/day and settled at $2.677/MMBtu. April lost 14.7 cents…

Mexico’s Comisión Federal de Electricidad (CFE) is preparing to hold auctions in the United States and Mexico to sell natural gas capacity to third parties. The state-owned company seeks to develop a secondary market to improve its overall profit margins, Miguel Reyes, CEO of CFE International, said during the 8th Mexico Infrastructure Projects Forum in…

Natural gas is officially labeled “green” in Ohio after Gov. Mike DeWine earlier this month signed House Bill (HB) 507 into law, though the green stamp may not carry much legislative weight for funding or regulations, according to the governor’s office.  HB 507 passed the Ohio Senate last month, with the primary goal of ensuring…

Weekly natural gas cash prices and futures descended in tandem during a holiday-shortened stretch of trading defined by benign weather, weak demand and stout production. With traders focused on supply/demand imbalance, NGI’s Weekly Spot Gas National Avg. for the Jan. 17-20 period slid 8.5 cents to $5.490. At the close of a trading week that…

Natural gas futures traded in a narrow range much of Friday, ultimately culminating another sluggish week with a loss amid mild weather and elevated production levels. The February Nymex gas futures contract settled at $3.174/MMBtu, down 10.1 cents day/day. March lost 8.8 cents to $3.036. At A Glance: Prompt month sheds 10 cents Heating demand…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. According to the Hydrocarbons Information System (SIH), part of the Comisión Nacional de Hidrocarburos (CNH), the Quesqui field in Mexico’s southeast began…

As the United States works toward casting a wider net on the global natural gas market via exports, key domestic markets like the Permian Basin and Haynesville Shale could be turned upside down in 2023 as midstream bottlenecks leave gas stranded. LNG developers on the Gulf Coast are in a race to boost liquefied natural…

February natural gas futures fell a second consecutive day after an anemic storage print – and expectations for more ahead – punctuated supply/demand imbalance concerns and weighed on prices. The February Nymex contract declined 3.6 cents day/day and settled at $3.275/MMBtu. Gas for delivery in March eked out a 1.3-cent gain to $3.124. NGI’s Spot…

Bolstered by another strong month of growth from the Haynesville Shale, domestic natural gas production from seven key onshore plays should climb to over 96.6 Bcf/d from January to February, updated modeling from the Energy Information Administration (EIA) shows. The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural…